ArtCap Strategies plans investment in Venezuela oil services sector

13 articles · Updated · Bloomberg · Apr 27

The private-credit firm, founded by ex-Credit Suisse bankers, will provide capital to local oil service providers in Caracas, Managing Director Andrés Martínez announced Monday.
This initiative targets collaboration with oil majors to boost Venezuela's crude production, which has suffered from years of underinvestment.
The move coincides with one of Venezuela's largest energy conferences in decades, signaling renewed investor interest in the country's oil industry.

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